Economy and commerce
Trade
Draft code and law on natural resource management and regional trade agreement unanimously approved by senate
The Cambodian Senate has approved a draft Environment and Natural Resources Code and a draft law authorising ratification of the ASEAN Trade in Services Agreement. ...
Khmer Times Staff
https://www.khmertimeskh.com/501307746/draft-code-and-law-on-natural-resource-management-and-regional-trade-agreement-unanimously-approved-by-senate/
Trade pressures on Cambodia
Cambodia’s economic policies are relatively liberal for the region, and its investment and trade regimes remain attractive. However, being a small and open economy, Cambodia is susceptible to external changes and shocks. Global trade growth slowed in the second half of 2022 and further deceleration ...
Khmer Times Staff
https://www.khmertimeskh.com/501307802/trade-pressures-on-cambodia/
Cambodia eyes free trade agreement with Japan
Minister of Commerce Pan Sorasak urged all relevant parties to work together on the possibility of establishing a free trade agreement between Cambodia and Japan following a remarkable surge in exports of Cambodian products to Japan this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501306688/cambodia-eyes-free-trade-agreement-with-japan/
Cambodia exports reach $9.18 billion in five months
Cambodia’s exports in the first five months of 2023 were worth $9.18 billion, down 2.4 percent from $9.41 billion for the same period last year, according to a General Department of Customs and Excise report. ...
Chea Vanyuth
https://www.khmertimeskh.com/501306111/cambodia-exports-reach-9-18-billion-in-five-months/
Cambodia’s garment exports to Australia increase
Australia’s clothing imports from Cambodia have bucked the general trend of a decrease, with imports in the first quarter of 2023 increasing to $42.575 million compared with the same period last year. ...
Seng Mengheng
https://kiripost.com/stories/cambodias-garment-exports-to-australia-increase
Sihanoukville Autonomous Port CEO vows port will become regional hub
Lou Kim Chhun, government delegate in charge as chairman and CEO of Sihanoukville Autonomous Port, said he was determined to push the development of a new container terminal and deep-water port in Sihanoukville. ...
Van Socheata
https://www.phnompenhpost.com/business/sihanoukville-autonomous-port-ceo-vows-port-will-become-regional-hub
CCF, Japan counterparts, examine cooperation
Cambodia and Japan have agreed to examine the possibility of establishing cooperation in the realm of the protection of consumer rights. ...
Sok Raksa
https://www.phnompenhpost.com/business/ccf-japan-counterparts-examine-cooperation
PM Hun Sen says bilateral FTA with China boosts Cambodia’s exports
Cambodian Prime Minister Hun Sen said on Thursday that the Cambodia-China Free Trade Agreement (CCFTA), which took effect on Jan. 1, 2022, has given a boost to the kingdom’s exports to China. ...
Khmer Times Staff
https://www.khmertimeskh.com/501305373/pm-hun-sen-says-bilateral-fta-with-china-boosts-cambodias-exports/
China and HK Cambodia’s top rice exporters in first five months of 2023
China and Hong Kong have emerged as the top export markets for Cambodian milled rice, covering 42.43 percent of total exports worth $77.42 million. The 25 European countries accounted for 37.93 percent of exports worth $71.99 million, according to Cambodia Rice Federation (CRF). ...
Seng Mengheng
https://kiripost.com/stories/china-and-hk-cambodias-top-rice-exporters-in-first-five-months-of-2023
Cambodia earns $ 77.4 mln from milled rice export to China in first 5 months
Cambodia exported 118,041 tons of milled rice to China in the first five months of 2023, earning $ 77.4 million in revenue, said the Cambodia Rice Federation (CRF)’s press release on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501305365/cambodia-earns-77-4-mln-from-milled-rice-export-to-china-in-first-5-months/
Job opportunities increasing in manufacturing sector
Prime Minister Hun Sen said yesterday that the manufacturing sector is creating more jobs for Cambodians, which is helping to improve their livelihoods as the government has been taking several steps to attract more foreign investment to the country. ...
Chea Vanyuth
https://www.khmertimeskh.com/501304999/job-opportunities-increasing-in-manufacturing-sector/
Vietnam steps up trade promotion in Cambodia
The Vietnamese Embassy in Cambodia in coordination with the Ministry of Industry and Trade (MoIT)’s Asia–Africa Market Department held a trade forum in Phnom Penh on June 7, which brought together more than 100 businesses of the two countries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501304682/vietnam-steps-up-trade-promotion-in-cambodia/
Jan-Apr exports to Singapore quadruple on-year
Cambodian goods exports to Singapore reached $223.843 million in the first four months of 2023, up 345.7 per cent year-on-year from $50.224 million and up 1,087 per cent half-on-half (compared to July-October 2022) from $18.9 million, according to provisional Customs (GDCE) data compiled in “International ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-exports-singapore-quadruple-year
Cambodia, Thailand launch cross-border QR payment phase II
Cambodia and Thailand launched the second phase of their cross-border QR payment system, which aims to promote the use of local currencies, financial inclusion and cross-border trade and tourism. ...
Chea Vanyuth
https://www.khmertimeskh.com/501303481/cambodia-thailand-launch-cross-border-qr-payment-phase-ii/
Cambodia, Vietnam sign trade enhancement pact
Cambodia and Vietnam signed a trade enhancement agreement to increase economic cooperation between the two countries. ...
Chea Vanyuth
https://www.khmertimeskh.com/501301992/cambodia-vietnam-sign-trade-enhancement-pact/
Cambodian wild aquatic products now get export permit to China
Cambodia’s wild aquatic products have been granted formal approval to be exported to China, the Chinese embassy in Cambodia said in a statement on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501301297/cambodian-wild-aquatic-products-now-get-export-permit-to-china/
NA approves ASEAN service trade agreement draft law
The National Assembly (NA) on Tuesday approved the law on the approval of the Association of Southeast Asian Nations Service Trade (ASEAN Service Trade) Agreement in the ninth session of its sixth legislature to strengthen Cambodia’s economic connectivity in the region, said a release by ...
Kang Sothear
https://www.khmertimeskh.com/501299920/na-approves-asean-service-trade-agreement-draft-law/
Cambodian National Assembly ratifies ASEAN trade in services agreement
The Cambodian National Assembly on May 30 ratified the ASEAN Trade in Services Agreement (ATISA) to boost trade and investment in the area of services. ...
Khmer Times Staff
https://www.khmertimeskh.com/501299457/cambodian-national-assembly-ratifies-asean-trade-in-services-agreement/
Cambodia exports products worth $7.23 billion in January-April as deficit widens
Cambodia exported products worth $7.23 billion during the January-April period of 2023, a year-on-year decrease of 4.9 percent from 7.6 billion dollars, Prime Minister Hun Sen said on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501297920/cambodia-exports-products-worth-7-23-billion-in-january-april-as-deficit-widens/
Cambodia & UK sign MoU to strengthen trade relations
Cambodia’s ministry of commerce and the UK’s ministry of business and trade have established a Joint Trade and Investment Forum (JTIF) to strengthen trade and investment ties ...
Khmer Times Staff
https://www.khmertimeskh.com/1298940/cambodia-uk-sign-mou-to-strengthen-trade-relations/
Chinese-invested car tire factory in Cambodia set to export close to 6 million tires per year
A Chinese-invested tire factory in Cambodia’s Sihanoukville Special Economic Zone (SSEZ) officially launched its operation on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501295184/chinese-invested-car-tire-factory-in-cambodia-set-to-export-close-to-6-million-tires-per-year/
Cambodia’s rubber exports earn more than $200 million, up nearly 40%
Cambodia earned more than $200 million from the export of rubber and rubber products, an increase of more than 38 percent compared to the same period in 2022, reaching just over $149 million. This is according to the four-months report of 2023 of the General ...
Khmer Times Staff
https://www.khmertimeskh.com/501293951/cambodias-rubber-exports-earn-more-than-200-million-up-nearly-40/
Cambodian durian sector exploring export opportunities to China
Recently, the Samlot Durian Cluster, a durian association based in Cambodia’s Battambang province, held a meeting with several investors to discuss export opportunities to China, even though Cambodian durians have not yet secured access to this lucrative market. ...
Khmer Times Staff
https://www.khmertimeskh.com/501293262/cambodian-durian-sector-exploring-export-opportunities-to-china/
New AEO trade initiative set to draw more players to Cambodia
Cambodia’s new AEO (authorised economic operator) programme – and implementation thereof by Customs (GDCE) – will make life more convenient for investors and support initiatives to attract additional players to the Cambodian market, observers have claimed. ...
Hin Pisei
https://www.phnompenhpost.com/business/new-aeo-trade-initiative-set-draw-more-players-cambodia